Financial Markets Sep 24, 2013

Greenback remains above ¥99 line

The dollar overcame early weakness and traded above ¥99 in Tokyo trading late Tuesday as speculation grew over a wider interest rate gap between Japan and the United States following a rise in American long-term interest rates in off-hours trading. At 5 p.m., the ...

Financial Markets Sep 20, 2013

Investor matchmaking about to get easier in U.S.

Only a year after its launch, Anton Gelman’s young technology company secured its first round of investment in January and he is already laying the groundwork for a second, much larger injection of capital. His company, which provides a platform for freelance photographers and ...

Financial Markets Sep 20, 2013

Canada sets up market regulator

Canada unveiled Thursday what it touted as the nation’s first national securities regulator to replace a patchwork of regional watchdogs and rules, although just two of its 10 provinces are onboard. It will be headquartered in Toronto and will replace the securities commissions of ...

Financial Markets Sep 20, 2013

Stock markets stop to catch breath

The U.S. stock market paused Thursday as investors tried to figure out what to do next following the Federal Reserve’s decision to hold steady on its stimulus program. The Dow Jones industrial average and Standard & Poor’s 500 index pulled back from their record ...

Financial Markets Sep 19, 2013

EU targets market manipulations

The European Union wants to regulate financial benchmarks that are used in transactions worth trillions of dollars globally, an effort to prevent market manipulations such as the one involving Libor, an interest rate banks use to borrow from each other. The European Commission, the ...

Financial Markets Sep 18, 2013

Nikkei hits eight-week high on large-cap buys

The Nikkei 225 average bounced back Wednesday to end at its highest level in about eight weeks, helped by brisk purchases of mainstay large-cap issues and futures-led buying. The Nikkei gained a tidy 193.69 points, or 1.35 percent, to close at 14,505.36, the highest ...

Financial Markets Sep 18, 2013

Dollar drifts ahead of Fed decision

The dollar stayed in a narrow range just above ¥99 Wednesday in Tokyo ahead of the U.S. Federal Reserve’s monetary policy decision. At 5 p.m., the dollar was at ¥99.07-08, down from ¥99.24-25 at the same time Tuesday. The euro stood at $1.3350-3352, against ...

Financial Markets Sep 17, 2013

Nikkei turns lower on selling of key components

The Nikkei 225 average turned lower Tuesday, pressured by selling of heavily weighted component issues. The Nikkei closed at the day’s low of 14,311.67, down 93.00 points from Friday. The Topix lost 3.64 points to end also at the day’s low of 1,181.64. The ...

Financial Markets Sep 17, 2013

Dollar sinks below ¥99.30 level

The dollar was weaker below ¥99.30 in post-holiday Tokyo trading Tuesday, pressured in part by sales stemming from stock price falls. At 5 p.m., the dollar was at ¥99.24-25, down from ¥99.65-67 at the same time Friday. The euro stood at $1.3349-3351, up from ...

Financial Markets Sep 11, 2013

Nikkei barely ekes out gain for third straight rise

The Nikkei 225 average ended marginally higher Wednesday after losing earlier gains as investors sold shares to lock in profits following the sharp rally earlier this week. Rising for the third straight session, the Nikkei closed up 1.71 points at 14,425.07, the highest closing ...

Financial Markets Sep 11, 2013

U.S. stocks rise as Apple tumbles

U.S. stocks rose Tuesday on better Chinese economic data and easing concerns about Syria, despite a fall in Apple shares following the launch of two new iPhones. The Dow Jones industrial average jumped 127.94, or 0.85 percent, to close at 15,191.06. The broad-based Standard ...